Ilyce Glink on WSB Radio – May 29, 2005
Ilyce uses this show to focus on kids and money, and how we can educate our children to be smart with money. Caller on this show raise various topics including home mortgages and real estate investment trusts.
Avoid Foreclosure Through Home Sale
How can you help out a relative who can't make mortgage payments? The relative could quit claim the property to you or sell it to you. Learn what to consider (including taxes) in deciding how to protect the property from foreclosure.
Housing Market Continues To Look Good
This spring the housing market continues to take off. Homes are rapidly appreciating and being sold at a record pace. Can the market keep up this pace?
Lender Baiting And Switching Mortgage Rate
A lender agreed to give a homeowner a certain interest rate when they signed a good faith estimate. Now the rate is higher and the borrowers are being told they never locked in the low rate with the lender. The lender may have pulled a bait-and-switch with the interest rate.
LIBOR – London Inter-Bank Offered Rate
LIBOR stands for the London Inter-Bank Offered Rate, and it is the rate that contributor banks in London offer each other. Overall, there's nothing wrong with having a mortgage loan tied to the LIBOR. But the LIBOR can be very volatile, leading to increases in your mortgage rate.
Reverse Mortgage for Elderly Parent
A reverse mortgage can be a good option for an elderly parent who has equity in her home but not much cash. If the parent is over 62 and owns her home, she would be eligible. The money would be doled out in a lump sum or monthly payments that would be paid back when the house is sold. A reverse mortgage is a good way for a parent to use her home's equity to enjoy her retirement.
Creating Credit In A Cash Economy
Cashing checks at a currency exchange doesn't help you create a credit history. If you don't have a credit history, it's a lot tougher to get a credit card, not to mention an auto loan or a mortgage or even a job. Ilyce explains what you need to do to create a credit history and gain access to credit that can help you to buy a house, buy a car, or achieve other financial goals.
Budget and Save Money to Become Debt Free
If you're drowning in a pool of debt, it may be time to budget and save money. But some money coaches say it's more than budgeting, saving money to become debt free is all about a life-style change. The way to financial freedom includes finding out what you're spending on, deciding which items are most important, building a budget and saving money on things that you can do without. This will help you become debt free and allow you to save money for retirement.
Netspend Stored Value Cards
The Netspend card is a stored value card. It looks like a credit card, but acts like a debit card. However, instead of being tied to a checking account, you have to load up the card with cash before you use it. Here are a few of the new Netspend features.
Ilyce Glink on WSB Radio – May 22, 2005
On this show Ilyce spends time discussing her new book, the third edition of her best seller 100 Questions Every First Time Homebuyer Should Ask. Also, Ilyce talks about a Chicago church that uses faith to heal financial wounds. Calls this show include questions on lease options and capital gain.